On November 6th, North Branch Works and Wintrust Bank hosted the Pulaski Corridor SBIF information session.

Five businesses from the area participated in the event held at Parker Karlov Events.

The Small Business Improvement Fund (SBIF) is a reimbursable grant using tax increment financing to fund building improvement projects.

SBIF is currently open in the Pulaski Corridor Tax Increment Financing District. Businesses are invited to apply by the deadline of November 30th at 5 p.m.

Commercial businesses and property owners are eligible to receive up to $150,000 at 30%, 60% or 90% reimbursement.

Industrial businesses and property owners are eligible to receive up to $250,000 with 50% project reimbursement

For further eligibility criteria, please visit this website.

SomerCor is the program administer responsible for facilitating SBIF grants on behalf of the City of Chicago.

Use this locator tool to find out if your building is eligible for SBIF funding. For more information, please visit this link.